I feel like four year stock grants, more than anything else, are responsible for the upwards wage pressure that has led to the high pay in the Silicon Valley te

I feel like four year stock grants, more than anything else, are responsible for the upwards wage pressure that has led to the high pay in the Silicon Valley tech scene. You come in earning $X and a few years later you’re earning $2X without needing a promotion. Now if another company wants to steal you away they have to offer starting comp to match your golden handcuffs. Reduced golden handcuffs can only hurt the rank and file labor market. No surprise a VC is enthusiastic about it.